Broadband Power Line Communication (PLC) Chipsets Market - Forecast(2021 - 2026)
Broadband Power Line Communication (PLC) Chipsets Market Overview: The global broadband PLC chipset market is estimated to cross $3.60 billion by 2023 growing at CAGR 16.6% during the forecast period 2018-2023. The development of smart cities coupled with rising investments in smart grid technology is estimated to drive the overall Broadband PLC Market. New product developments by key players such as, Vango Technologies, MegaChips Corporation, Maxim Integrated and many more are resulting for the growth of the market throughout the forecast period. What is Broadband PLC? Broadband PLC technology transmit high speed internet through the accessible electrical paths and it enables the data transmission between 500 kilo-bits per second (kbps) to 3 mega-bits per second (Mbps) which is certainly equivalent and faster to most data transmission technologies. The prevalence of smartphones and high-speed broadband has remarkable impact on the adoption of smart homes across the globe. The...